Quantcast
Bloomberg: Sony is looking to sell entertainment division - Destructoid

DestructoidJapanatorTomopopFlixist



Bloomberg: Sony is looking to sell entertainment division


6:20 PM on 05.30.2013
Bloomberg: Sony is looking to sell entertainment division photo



Bloomberg reports that, according to people familiar with the matter, Sony is currently looking to break off at least some of its entertainment division and sell it. They're reportedly working with Morgan Stanley and Citigroup on a public offering in a move that could help them raise cash and boost their stock price. Third Point LLC CEO Daniel Loeb is pushing for Sony to sell up to 20 percent of the entertainment division.

This move would allow Sony to hunker down and focus on their electronics business. The Japanese company has been down, with Samsung winning in the TV space, and Apple dominating in the mobile/tablet market. 

With the PlayStation 4 around the corner, it's probably a good time to be focusing on the electronics side of things. 

 

 






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.








Win your choice of console from Destructoid! in Destructoid's Hangs on LockerDome

Money

4:45 PM on 08.19.2014
Sony just doesn't know who keeps buying PS4s

Sony has sold over 10 million PlayStation 4s to consumers. It is a lot and more than anyone expected, including the higher ups at Sony, according to this Eurogamer interview with Sony's affable Shuhei Yoshida. "We are so happ...more



9:00 PM on 08.18.2014
Star Citizen breaks the $50 million mark

Remember that animated .gif of Shigeru Miyamoto and Satoru Iwata holding a DS and proclaiming "It prints money"? You could probably do the same with a picture of Chris Roberts and his pet project Star Citizen. The ambitious ...more



10:00 AM on 08.03.2014
Does this $29,000 gold Monster Hunter statue have a lil dick?

Capcom is selling a $29,000, solid gold Otomo Airou statue to commemorate the 10th anniversary of Monster Hunter.  Does it have a dick, though? We at the Destructoid virtual office thought it might. "does it...does ...more



View all Money






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more